The Payments Association

MARCH 18, 2025

But these opportunities are accompanied by mounting risks around data governance, security, and regulatory fragmentation. Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels. Fraud detection and risk management are also evolving.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

PYMNTS

APRIL 10, 2020

The study is part of the larger Unlocking AI series by PYMNTS, examining how AI and other computational systems are being used to manage critical business functions, including payments, regulatory compliance, risk assessment and fraud protection. Moreover, the benefit cited by the greatest proportion of healthcare firms (65.6

AI 144

AI Fraud Detection Risk Assessment Regulatory Compliance 144

The Payments Association

DECEMBER 11, 2024

Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. Multifaceted approaches to fraud prevention Effective fraud prevention now requires a combination of technological and human intelligence, transcending traditional security models.

Fraud Prevention 88

Fraud Prevention Risk Assessment Payments Account Takeovers 88

The Payments Association

MARCH 25, 2025

As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance. Sends leverages AI to mitigate risks, comply with FCA, PSD2, and PCI DSS, and enhance client experience with secure and innovative services.

Regulatory Compliance 88

Regulatory Compliance AML Compliance PCI DSS 88

The Fintech Times

FEBRUARY 19, 2025

This creates a false sense of security. ” Risks of automation dependance Sharing a similar view, Adam Ennamli , chief risk and security officer at General Bank of Canada , added: “Failures can have existential consequences, from significant monetary losses to complete loss of market trust and regulatory penalties.

AI 64

AI Risk Monetary Loss Automation 64

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

EBizCharge

JANUARY 16, 2025

Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions. For example, if a credit card is suddenly used at a pawn shop after being consistently used at beauty shops, this can indicate fraud.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

M2P Fintech

MARCH 24, 2025

Future technological advancements, including blockchain for secure transactions, machine learning for personalized offers, and peer-to-peer lending platforms , promise to further enhance the digital lending landscape. “One-click” loans become reality through instant credit assessments. from 2023 to 2032. .

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Compliance 52

Nanonets

DECEMBER 13, 2023

The integration of fraud detection algorithms is paramount for error reduction. These algorithms analyze patterns and anomalies in the data to identify potential instances of fraud or misrepresentation. AI's ability to consistently enforce security measures helps prevent unauthorized access and data breaches.

AI 102

AI Process Fraud Detection Compliance 102

Clearly Payments

JANUARY 8, 2024

In this guide, we go into the topics of risk management in payment processing, equipping merchants with the knowledge and strategies needed to secure their transactions. Identifying and Assessing Risks Understanding the lay of the land is the first step in effective risk management.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Stax

AUGUST 22, 2024

In this article, we’ll discuss what SaaS companies looking to become payment facilitators need to know about risk management strategies. PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Finovate

JANUARY 15, 2025

Register today to get a discount and secure your spot! ” The panel will look at the rise of lending integrations, the role of AI in risk assessment, embedded finance regulation, and more. It will also discuss governance, data privacy, security, compliance, and ethical implications about the application of AI.

Embedded Finance 52

Embedded Finance FinTech Payment APIs and Integration AI 52

Tearsheet

JULY 1, 2024

Additionally, the conversation touches on important considerations such as data security, implementation challenges for businesses adopting new payment technologies, and potential future developments in the field. Two-factor authentication, encryption and fraud detection are minimum requirements. Start with a risk assessment.

BNPL 105

BNPL Online and Mobile Banking Encryption Payments 105

Fintech News

MAY 20, 2024

The panel discussion will feature experts in IT security, accounting, finance, and cybersecurity, who will delve into real-life scenarios, cybersecurity trends, and offer career guidance for individuals interested in this burgeoning field. Moreover, AI fosters the creation of new financial products and services previously inconceivable.

FinTech 135

FinTech Embedded Finance BNPL On-Demand 135

FICO

NOVEMBER 30, 2017

In my previous post on application fraud, we explored the drivers behind the rapid acceleration of identity-based fraud , which includes identity theft / third-party fraud, synthetic identity fraud, and first-party fraud. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.

Risk 82

Risk Fraud Detection Assessments Origination 82

Neopay

FEBRUARY 27, 2025

This alarming statistic, highlighted in a recent report, The Battle Against AI-Driven Identity Fraud , underscores the evolving sophistication of cybercriminal tactics and the urgent need for enhanced security measures across industries. The Lag in Fraud Detection: Are You Prepared?

Deepfake 52

Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

PYMNTS

SEPTEMBER 14, 2016

.’s Faster Payments initiative, which traces its genesis to 2008, has seen fraud losses around online banking grow from £22.6 million in 2009, before new and more sophisticated security measures took effect. million in 2007 to £52.5 million in 2008 and then to £59.7

Fraud Prevention 77

Fraud Prevention Faster Payments Push-to-Card Payments 77

The Fintech Times

MARCH 18, 2024

In the UK alone, fraudsters syphoned off £1.2billion in 2022, with almost 80 per cent of app fraud cases starting online. These tools also enable businesses to tailor their fraud prevention measures, allowing for the integration of industry-specific rules and parameters that align with their unique risk profiles.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

The Payments Association

OCTOBER 3, 2024

Banks increasingly turn to SaaS-based platforms, which provide more control over operations, enhanced security, and flexible scaling as payment volumes grow. Imagine a sleek mobile app that falters because the underlying systems can’t handle transactions swiftly or securely. The stakes are high, and the time to act is now.

Payment APIs and Integration 88

Payment APIs and Integration Online and Mobile Banking On-Demand Process 88

M2P Fintech

DECEMBER 17, 2024

A risk assessment follows, evaluating the merchants profile through credit checks and performance analysis, leading to application approval or rejection based on these findings. Risk Management Advanced fraud detection tools monitor transactions in real time to identify potential fraud.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

The Fintech Times

OCTOBER 26, 2024

Jassim Haji , an international expert, strategist and researcher in AI and digital transformation, delved into how AI is enabling real-time risk assessment and fraud detection, reducing the manual processes that typically slow banks down. They are the driver to technology, to push the industry forward.”

Finance 69

Finance Ransomware Fraud Detection Cybersecurity 69

PYMNTS

DECEMBER 18, 2019

Many of these schemes take the form of clean fraud or friendly fraud — which sound innocuous, but are actually never-ending threats that many fraud-fighting systems are ill-equipped to counter. A team of Visa security researchers recently discovered a new JavaScript skimmer that has infected at least 17 eCommerce websites.

AI 52

AI Fraud Detection Cryptocurrency Risk Assessment 52

Finovate

MARCH 28, 2024

More specifically, DataVisor’s new AML solution provides: Comprehensive end-to-end functionality: including customer risk rating, CDD, EDD, sanction/watchlist screening, transaction monitoring, case management, and automated SAR filing. According to Crunchbase, DataVisor has raised more than $94 million in funding.

AML 59

AML Compliance AI Money Laundering 59

Segpay

MARCH 10, 2025

In the rapidly evolving world of online gaming, having a reliable and secure payment gateway is crucial for both gamers and gaming businesses. It serves as an intermediary, securely processing payments and ensuring that sensitive data remains confidential. Why Choose a Specific Payment Gateway for Online Gaming?

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

Stax

JANUARY 8, 2024

Fraud detection and prevention. Early detection can help in the rapid mitigation of fraud. This can be ensured using a fraud detection system with a filter, maintaining transaction records, and implementing chargeback alerts. Q: Why implement risk management?

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Fintech Times

NOVEMBER 27, 2024

This enables clients to use their own encryption keys to manage and secure their data, ensuring full control over sensitive information while using Sumsub’s compliance and monitoring services. The partnership will be especially effective as blockchain-related crime is a growing concern. “By

Transactions 59

Transactions Financial Crimes Crime Blockchain 59

The Fintech Times

MARCH 27, 2024

Once the credit had been successfully secured, the funds were either withdrawn in cash by the defendants or transferred into other accounts. Advanced AI technologies can help firms create knowledge graphs to build 360-degree client profiles for risk assessment. In total, £562,901.64 was never recovered by the banks.

Money Laundering 93

Money Laundering Financial Crimes Crime Due Diligence 93

PYMNTS

FEBRUARY 19, 2020

They seek to test every new payment type (across small and large merchants), as well as pinpoint weaknesses in firms’ fraud detection and mitigation programs. Drilling down a bit, within the institutionalization of fraud, certain types of commerce are finding favor among fraudsters.

ATM 67

ATM Point-of-Sale (POS) Fraud Detection Mitigation 67

PYMNTS

OCTOBER 13, 2017

During the holidays, it takes an A-plus effort from Emailage and the merchants who use it to really stay on top of transaction risk assessment and approval. The startup’s clients should not have to wait longer for risk assessment results just because there’s more traffic, said Emailage Director of Marketing Dorothy Wolden.

Risk Assessment 46

Risk Assessment Account Takeovers Fraud Detection Assessments 46

PYMNTS

NOVEMBER 5, 2019

Fraud detection company DataVisor has teamed up with Experian to integrate the company’s “unsupervised machine learning powered transactional risk assessment capabilities” into the Experian CrossCore platform. The move will help detect fraud patterns, the companies said in a press release. “We

Fraud Detection 42

Fraud Detection Fraud Prevention Risk Assessment Addressing 42

Nanonets

AUGUST 16, 2024

  With automation, insurers can automate repetitive tasks such as manual data entry and document verification, speed up claim processing to increase efficiency and accuracy and minimize errors and fraud. Fraud detection: Fraudulent claims are one of the insurance industry's biggest challenges.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

Seon

APRIL 23, 2024

Modern fraud risk management systems aim to proactively identify and thwart fraudulent activities before they occur or at the earliest juncture possible, ensuring the integrity of transactions without hindering the user experience – an approach that aligns with the growing expectations for seamless and secure digital transactions.

Risk Management 40

Risk Management Risk Technology Fraud Detection 40

Nanonets

MAY 31, 2023

This surge in fraudulent financial activities can be attributed to a combination of factors, including the widespread adoption of online payment systems, the increasing sophistication of fraud techniques, and the collaborative efforts of criminals facilitated through the dark web.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

Seon

MAY 31, 2024

The advancements in AI, ML and automation transform fraud detection and protection by augmenting human capabilities with algorithmic precision and scalability. When fraud itself or the mechanisms to disrupt fraud disrupt the flow of transactions, customers bear the brunt of inconvenience.

Fraud Prevention 52

Fraud Prevention Fraud Detection Compliance Money Laundering 52

Segpay

APRIL 16, 2024

In this case, both the cardholder and the merchant are victims of Fraud. Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks. Each card brand applies different chargeback thresholds. Chargeback ratios also differ per industry.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Nanonets

AUGUST 1, 2023

AI integration also significantly benefits risk assessment, allowing auditors to perform sophisticated analyses of a client's data, guiding them towards areas that demand closer scrutiny. This real-time approach enhances audit quality and enables auditors to detect issues promptly.

Audit 52

Audit Risk Assessment AI Assessments 52

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. This includes conducting a thorough risk assessment, implementing appropriate risk controls and establishing effective monitoring mechanisms.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52